FedEx Corporation announced that its wholly owned subsidiary, FedEx Freight Holding Company, Inc., has commenced a private offering of senior notes. The notes are being issued as part of the financing for the planned spin-off of FedEx Freight, which will operate FedEx's less-than-truckload $(LTL)$ freight transportation services as a separate public company. The spin-off is expected to be completed on June 1, 2026. The notes will be sold only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The value of the issuance was not disclosed in the document.

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